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"Hubba, hubba, hubba! Money, money, money! Who do you trust?"  (Source: Warner Bros. Pictures)
Apple is now worth more than Microsoft and Google combined

While Apple has been in the news lately for allegations of unfair labor practices at its contracted manufacturing facilities in China, that hasn't stopped the company from increasing value for its shareholders and sending it surging ahead in market capitalization.
 
Today, AAPL crossed the $500/share mark for the first time in its history this morning. The stock has surged over 17 percent in the weeks following its blowout fiscal Q1 2012 earnings report. The company reported revenue of $46.33B USD and net profit of a whopping $13.06B. In addition, the company sold a record 37 million iPhones during the quarter.


Apple is currently ranked as the largest company in the world by market cap. In addition, Apple's market cap is currently more than both Google and Microsoft combined.
 
Following Steve Jobs' resignation as CEO in August 2011, AAPL hit a [then] all-time high of $411 pushing it ahead of Exxon Mobile as the world's largest company by market cap.

Source: Bloomberg



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RE: Highly Overvalued
By mellomonk on 2/13/2012 11:42:51 AM , Rating: 2
Share price is of relatively minor value compared to market capitalization which is price per share X number of shares. Google has always been a relatively expensive per share, and has actually traded higher in the past. Apple has built it's value from a low of less then $14 in July 97 including two 2:1 splits along the way. That is impressive.

Even more interesting is the $97 billion in cash and short term liquid assets it has squirreled away. That is a HUGE warchest and could cover a number of missteps. Not to mention giving them the ability to acquire if need be.


RE: Highly Overvalued
By Uncle on 2/13/2012 2:15:16 PM , Rating: 2
97 billion, fed SJ grandiose thinking, Give some of that back to the shareholders.


RE: Highly Overvalued
By Taft12 on 2/13/2012 2:47:37 PM , Rating: 2
People have been asking Microsoft to do that for many years. Neither will do it any time soon.


RE: Highly Overvalued
By sviola on 2/13/2012 2:53:38 PM , Rating: 3
Microsoft does pay dividends. Apple does not.


RE: Highly Overvalued
By kleinma on 2/13/2012 5:02:32 PM , Rating: 2
MS has been paying dividends for a long time. Get your facts straight before spewing fud.


RE: Highly Overvalued
By Samus on 2/13/2012 5:36:29 PM , Rating: 3
Rounded for simplicity.

Apple:
932 million shares
500.00/share
Market worth: $466 billion

Microsoft:
8.4 billion shares
30.00/share
Market worth: $252 billion

Google:
325 million shares
$612/share
Market worth: $198 billion

Google is an even riskier buy that Apple, IMHO, but neither is nearly as stable as Microsoft who have a gigantic shareholder base and stable market fluctuation and growth.

The argument is Google is diverse in many markets, Apple is not. They make a lot of plastic junk and have some unsteady licensing agreements with developers and the RIAA. It's pretty obvious how saturated the prices of modern technology stock is, read Facebook as our most modern example.


"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer














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